About the Editor

Established in 2003 by virtue of a presidential
decree to expand housing affordability to low and middle income households
through three main functions:

Channel
subsidies to eligible lower-income groups of the society.

Provide
temporary social safety for borrowers who experience adverse life events,
such as a loss of employment that leads to payment defaults. It would
finance up to three monthly mortgage payments on behalf of borrowers in
times of demonstrated social hardship.

Receive
land and infrastructure subsidies for the construction of new housing and
acting as a developer of houses affordable to the targeted income group
for their direct subsidy program, while at the same time assisting in
“jump-starting” the mortgage sector.